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US President Donald Trump impose Reciprocal Tax on India

USNMix Report: US President
Donald Trump shocks India, now it will be expensive to export.

There is currently no export
tax on Indian goods exported from the US to India.

US President Donald Trump,
giving a tremendous blow to India, said that India imposes a lot of tariff on
us, while we do not charge any kind of tariff from him. But, now it will not be
so. India also has to give tariff to export to the US. He said that while the
US exports bikes to India, then it has to pay 100 percent tax on it. This makes
the price double. But, we do not impose any kind of tax on the goods exported
from India.

Trump said that America is not
stupid, so now we will recover Reciprocal Tax from India as well. However,
there is no information about how much this tax will be. He said that due to
the opposition of the Senate we did not raise the tax yet, but now India will
also have taxpayer tax due to high tariff.

On the last day of the
annual meeting of the Conservative Political Action Conference (CPAC), Donald
Trump said that the system is not good enough to give 100 percent tax for
export and do not charge any kind of charge on the import. Let me say, 'Make in
India' is an ambitious program of Prime Minister Modi. They are trying their
best to promote investment in India and they have dreamed that India should be
developed as a manufacturing hub. Unemployment is the biggest
problem facing India. The only way to overcome this problem is to develop India
as a manufacturing hub. Donald Trump, on the other hand, is asking the
businessmen of his country to come back to the United States. They repeatedly
reiterate that you come back to America and make this once again great.

India exports about 5.6
billion dollars every year to the US, which is not charged for any kind of tax.
India has been taking advantage of this facility since the 1970s. Because of
the Generalized System of Preferences (GSP), America's fixed deficit is very
high. Therefore, America is moving forward towards slowing down this program.